Member Info for cristalball

i did , back when it was in the teens and good value, also after the Covid announcements (that they have clearly failed to deliver on).

Been here since 16p and taken out stake and one bag at £1.50 (20%) of holding . I am still holding the rest, (the placing was a genius move) however have been critical of the BoDs timelines and inability to get a product to market or update us on when this will be . Avacta missed the boat with Zika and they are sadly doing the same with Covid . We could have sold a billion tests, if we had a product in the past few months . We don’t . First time I have genuinely been considering selling the rest today . Sad times, but you have to say the £300m valuation is pretty silly with no sales and no timeline to market . Each to their own - I came here for the cancer treatments, but their performance on the Covid tests had been terrible . If you are sitting on a loss - you should really question if you should be investing . Why would you buy after a 10 bag??

"it's a big hill full of resources, so we don't have to mine it, we can just take the hill down". :-)

i know it is boring, but we appear to have some new investors so useful reading.

- There is an MOU in place for mine funding, which clearly references Songwe (Ref A).
- MKA measured and indicated resources are 20x larger than RBW at 21mt - TREO of 1.4% (Ref B).
- BoD / Partners hold 31% (Ref C) .
- There is going to be a supply squeeze on REE - (Ref D).
- Songwe will be easy to mine. Dr Scott Swinden (Senior Consultant Geologist) (Ref E) - listen from 1 minute.

(Ref A) - https://www.noblegroupholdings.com/wp-content/uploads/2019/12/FINAL-Talaxis-Chinalco-MoU-announcement-Mon-09122019.pdf
(Ref B) - https://twitter.com/flatracingmodel/status/1138009949756383232/photo/1
(Ref C) - https://www.mkango.ca/investors/aim-rule-26/
(Ref D) - https://roskill.com/market-report/rare-earths/
(Ref E) - Youtube - search "Mkango Resources PLC advancing Songwe Hill project in Malawi".

or sign a deal with Talaxis downstream which is better than the MoU they already have with the Chinese - i.e. better funding / offtake terms. Either way, we get 25% on the coat tails. :-)

Interestingly, 100% offtake option is only triggered if Talaxis arrange all mine funding, and contribute 100% of the equity investment. i.e. Absolutely nothing for MKA to pay upfront. Sales can fund any debt financing, a real free carry.

Upon completion of the BFS, and subject to Talaxis and Mkango completing the definitive Joint Venture Agreement, Talaxis will have the Option to acquire a further 26% interest in the Project and offtake rights for 100% of production from the Project (subject to Newco (see below) having the option to retain such amount of offtake as required for Newco's downstream manufacturing activities) in consideration of Talaxis arranging funding for 100% of remaining project development costs, including funding the equity component thereof.

As i recall from reading the original deal, Talaxis have first refusal on the offtake form the mine.

you read my analysis on Twitter then mate :-)

Consequences of a failed takeover offer
The City Code provides that, if a takeover offer fails or lapses (e.g. because the required acceptances or approvals are not obtained), the bidder will not be able to make another takeover offer for the same company for at least 12 months (subject to certain exceptions).

i thought they can't submit another bid for another 12 months, under the UK listing rules?

Avacta have form in doing this with Zika. Find a solution when the problem goes away . A vaccine and / or another test were always the risks here . I couldn’t care less as I’ve been here since 16p and taken stake back and small profit back and letting 75% ride to whatever conclusion. All of you “investors” following the herd on at £1 +with amounts you really can’t afford, need to take a look at yourselves. It’s AIM - at all times be prepared to lose the lot . If you haven’t lived through it - I can tell you from experience that it’s rubbish , but NEVER put anything in here that you can’t afford to lose .

If a drop from 1.70 to 90p makes you sick - you are over leveraged .

Anyone who has sold , isn’t an investor . Simple . I am still here from 16p . Despite the lack of progress .

The people to blame are the BoD of Avacta for failing to get a product to market when we have a captive audience and massive opportunity.

i like this quote: "China won’t take new competition sitting down, Cheng said. It will continue to stymie rare-earth development abroad by buying rare-earth production companies around the world, exporting refined rare-earth materials, and driving down commercial prices to make competitors unprofitable, Cheng said."

"it sure is a hell of a lot easier to be first" . i am confused as to why the SP is holding up so well to be honest, given the delays in launching a self administered saliva test. It's like Zika virus all over again. develop a world class test, after the virus has disappeared. We need a defined timeline to launch, and we need it now.

RNS out . Panther outcrop sampling within Tr-10-4 verified the historical intervals returning 18.9g/t Au . Lovely .

Eh?

what a steal these were back at low 4s in early May. Just gone through 2 bags now - wish i had bought more now :-)

He is buying a house with the gains from the 20-40p range which we were trading in, before Avacta announced that they could produce an instant saliva test for Covid. I think it is appalling for him to be selling his stock before we get a produce to market. sends a terrible message. If he didn't need to sell stock to buy the house then why has he. Frankly i am losing faith that we will get anything out .